VerticalScope (TSE:FORA) Price Target Raised to C$19.00

VerticalScope (TSE:FORA) had its price target increased by equities researchers at Cormark from C$14.00 to C$19.00 in a research note issued on Friday,BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 91.53% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. CIBC raised their price target on VerticalScope from C$10.00 to C$17.00 in a research report on Monday, February 10th. Eight Capital raised their price target on VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd. National Bankshares raised their price target on VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. Canaccord Genuity Group lifted their target price on VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th. Finally, Royal Bank of Canada lifted their target price on VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th.

VerticalScope Stock Down 1.8 %

Shares of TSE FORA opened at C$9.92 on Friday. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. VerticalScope has a 52 week low of C$6.80 and a 52 week high of C$14.75. The stock has a market capitalization of C$156.29 million, a P/E ratio of 55.85 and a beta of -0.02. The stock’s fifty day moving average is C$12.00 and its 200 day moving average is C$10.03.

Insider Buying and Selling at VerticalScope

In other news, Senior Officer Brandon Seibel sold 12,500 shares of the business’s stock in a transaction dated Monday, January 20th. The stock was sold at an average price of C$11.00, for a total transaction of C$137,500.00. Also, Director Rob Laidlaw sold 8,500 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$12.62, for a total value of C$107,270.00. Insiders have sold a total of 25,550 shares of company stock worth $295,321 over the last 90 days. Insiders own 37.10% of the company’s stock.

VerticalScope Company Profile

VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high-consumer spending categories. VerticalScope’s mission is to enable people with common interests to connect, explore their passions and share knowledge about the things they love.